Red Pine Exploration Intersects Multiple Zones of GOLD Mineralization IN the Wawa GOLD Corridor - Drills 0.78 G/T GOLD over 90.8 Metres, Including 16.82 G/T GOLD over 1.92 Metres
NEWS RELEASE
January 24, 2017
RED PINE EXPLORATION INTERSECTS MULTIPLE ZONES OF
GOLD MINERALIZATION IN THE WAWA GOLD CORRIDOR -
DRILLS 0.78 G/T GOLD OVER 90.8 METRES, INCLUDING 16.82 G/T
GOLD OVER 1.92 METRES
Toronto, Ontario –January 24, 2017 –- Red Pine Exploration Inc. (TSX -V: RPX) ("Red
Pine" or the "Company") has received results for hole SD-16-40 drilled as part of its on-
going drilling program at the Wawa Gold Project.
Highlights from SD-16-40 include:
0.78 g/t gold over 90.8 metres in multiples gold zones in the Wawa Gold Corridor
including: 16.82 g/t gold over 1.92 metres in the Surluga Road Shear Zone, 2.09
g/t gold over 7.3 metres in the Jubilee Shear Zone and 1.27 g/t gold over 5 metres
in the William Gold Zone (Table 1 and Figure 1);
The discovery of a new zone of gold mineralization in the footwall containing 0.92
g/t gold over 11 metres, including 1.53 g/t gold over 4.5 metres; and
The discovery of gold mineralization in the Hornblende Shear Zone containing
0.94 g/t gold over 22 metres, including 1.17 g/t gold over 14 metres (Table 1).
Quentin Yarie, President and Chief Executive Officer of Red Pine states, "SD-16-40
validates our exploration model and confirms that the Wawa Gold Corridor is made up of
multiple stacked gold zones. We intersected 6 zones of gold mineralization within 300
metres of the inferred resource boundary which further proves the untapped potential of the
under-explored Wawa Gold Corridor.”
SD-16-40
SD-16-40 was drilled to test the hypothesis that the Wawa Gold Corridor is comprised of
multiple stacked gold zones in an area that remains almost entirely under -explored
outside the Jubilee Shear Zone. The Jubilee Shear Zone host s the Surluga Deposit - the
currently defined 1,088,000 ounces inferred resource. The intersection of six individual
zones of gold mineralization in SD -16-40 strongly supports this hypothesis and indicate s
that much of the gold remains to be found in the footwall of the inferred resource. The
intersected gold zones include from top to bottom: the Algoma Shear Zone, the Jubilee
Shear Zone (current host of the inferred resource) , the Surluga Road Shear Zone, the
William Gold Zone, a newly discovered gold zone, and the Hornblende Shear Zone. SD-16-
40 also confirms that the gold mineralizat ion identified in the Hornblende Shear and the
William Gold Zone during the Fall 2015 drilling program are respectively mineralized
between surface and 300 metres below surface for the Hornblende Shear Zone, and
between surface and 150 metres below surface for the William Gold Zone.
Table 1. Highlights of drilling results in the Wawa Gold Corridor
Hole From
(m) To (m) Length
(m)*
Gold
(g/t) Gold Zone
SD-16-40
86.7 177.5 90.8 0.78 Wawa Gold Corridor -
Upper Including
86.7 94 7.3 2.09 Jubilee Shear Zone 98 104 6 0.99
140.18 147 1.92 16.82 Surluga Road Shear Zone
170 175 5 1.27 William Gold Zone
222 230 11 0.92
New Discovery Including
222 226.5 4.5 1.53
349 350.72 2.5 0.45
Hornblende Shear Zone 394 416 22 0.94
Including
394 408 14 1.17
11 14.3 3.3 0.47 Algoma Shear Zone
*Assay results reported over intersection length estimated in the Jubilee and Hornblende Shear Zone to
represent >85% true width; As they represent discoveries, no true width estimation are currently defined for
the intersection in the newly intersected gold zone and Surluga Road Shear Zone.
On-going Drilling Program
The on-going diamond drill program is focused on expanding the Surluga Deposit to the
north. Holes SD -17-48 and SD-17-49 targeted the northeastern edge of the inferred
resource whereas SD-17-50 is targeting the shallower extension of the Wawa Gold
Corridor up-section of SD-16-40.
Figure 1. Fall 2016 Drill Program – location of drill holes
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples are transported in security -sealed bags for analyses at Activation
Laboratories Ltd. in Timmins, Ontario. Individual samples are labeled, placed in plastic
sample bags and sealed. Groups of samples are then placed into durable rice bags that are
then shipped. The remaining coarse reject portions of the samples remain in storage at
the Activation Laboratories Ltd. in Timmins, Ontario if further work or verification is
needed.
Red Pine has implemented a quality-control program to comply with best practices in the
sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts
external gold standards (low to high grade) and blanks every 20 samples in addition to
random standards, blanks, and duplicates.
Qualified Person
Quentin Yarie , P Geo. is the qualified person responsible for preparing, supervising and
approving the scientific and technical content of this news release.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold and base -metals exploration company headquartered
in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture
Exchange under the symbol "RPX".
Red Pine has a 30% interest in the Wawa Gold Project through an Assignment and
Assumption Agreement with Citabar LLP and Augustine Ventures Inc. Red Pine is the
Operating Manager of the JVA and is focused on expanding the existing gold resource on
the property. The JVA is owned 40% by Citabar, 30% by Red Pine and 30% by Augustine.
Red Pine and Augustine entered into a definitive agreement (November 14, 2016) to
consolidate their ownership of the Wawa Gold Project. On January 20, 2017, Augustine’s
shareholders approved the agreement and subject to certain conditions an d final
acceptance by the TSX-V, the merged Company will have a 60% interest in the Wawa Gold
Project.
For more information about the Company visit www.redpineexp.com
Or contact:
Quentin Yarie, President & CEO, (416) 364-7024, [email protected]
Or Mia Boiridy, Investor Relations, (416) 364-7024, [email protected]
1NI 43-101 inferred resource of 1,088,000 ounces of gold a t a 1.71 grams per tonne (g/t) using a 0.40 g/t
gold cut-off grade for pit -constrained and 2.50 g/t gold cut -off grade for underground -constrained resources,
contained in 19.82 million tonnes open along strike and at depth. The Cut-off grades are based on a gold price
of US$1,250 per once and a gold recovery of 95 percent (Mineral Resource Statement*, Surluga -Jubilee Gold
Deposit, Wawa Gold Project, Ontario, SRK Consulting (Canada) Inc (effective May 26, 2015)). The report is
available on www.SEDAR.com under Red Pine’s profile.
2Before results are entirely historical and are based on assay results obtained during drill programs conducted
between 1961 and 1989 by previous operators of the Wawa Gold Project . After results represents the
combination of the historical results with the new assay results obtained by Red Pine Exploration as part of its
sampling program. Red Pine’s sampling of the core involves re -measuring the historical boreholes and
sampling the un-sampled core pieces left in the historical intersections. A full QA/QC program is implemented
as part of Red Pine sampling program. All the sampled historical boreholes with the new sample locations are
also systematically photographed as part of the sampling protocols.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. In some cases, you can identify forward -looking
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Although the Company believes that the assumptions and factors used in preparing the forward -looking
information in this news release are reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release. The Company disclaims any intention or obligation to
update or revise any forward -looking information, wh ether as a result of new information, future events or
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